I only hear ultra doomer takes about macroeconomics...

I have a theory that we’re all destined to be the new generation of wealth. I think the elites throw these opportunities out for absolution, and to keep us quelled with hope of being so lucky. They make a generation of millionaires and use them as a buffer. We will all calm down and focus on making the works better if we have the means to do it. Maybe it’s meant to be? Maybe we’re still early. Who knows.

american posting is not allowed during bear markets. i've reported you for violating federal law

yeah im only partially retarded.
graduated with 120k+ in debt, know how awful that feeling was. made 100kish post tax on covid crash, paid loans and car off instead of buying shit.

not going into debt slavery like that again sorry shlomo. im putting 20%+ down @10% interest rates on a 250k house in 2023. "investors" can get rekt

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>the world economy recovering and bouncing back to new levels of prosperity after 2023
Not gonna happen. The future looks pretty grim. Look at how bad things are at the moment, this is just the start. Soon the famine will come. Fuel prices will rise more. Interest rates will go up. We will have a stagflationary depression lasting until 2027. A billion people will starve to death over the next 5 years. Global supply chains and energy markets will continue to be fucked for the forseeable future even after the Ukraine war ends because of climate change/renewable energy faggots. There's a big ass solar storm supposed to hit us in 2025. And China hasn't even invaded Taiwan yet. Plus any number of other fucked up things could happen during that time. Face it user. The 80's/90's were the peak of Western and perhaps human civilization and we're in for a big decline.

>not going into debt slavery like that again sorry shlomo
holy fuck you're retarded and just like my friend who i told DO NOT PAY OFF YOUR STUDENT LOANS IMMEDIATELY
instead he did it, or at least made a massive dent in it
he could've saved $30k over the last few years
instead he put 30k into his student loans
like obama will come to his house and tell him how smart he is
instead he now has 20k left on student loans and has no house
>4 years renting
>1200 a month
>57000 towards rent
this stupid faggot could have simply done the minimum payment of like 300 a month instead, but no. muh debt free!
the guy could've had equity in a home at this point, and enjoyed the rise in prices of housing. no the rises were not typical, but at its worst, owning a home is almost like A SAVINGS ACCOUNT TO HEDGE AGAINST MONETARY POLICY
the debt free mindset is so fucking stupid i can't handle it

yes you should pay off things like cars quicker than later, as there's no resale value
no you should not pay off student loans asap because THEY DO NOT INTERFERE WITH YOUR ABILITY TO GET A LOAN AND THEY ARE ARGUABLY THE SAFEST FORM OF DEBT EVER CREATED
>but you can't declare bankruptcy!
yes but you can pay based off your income. you can choose ultra-low repayment options
>but then i pay back almost twice the loan amount!
lmao OVER 30-40 FUCKING YEARS YOU IDIOT.

in short any redditor that believes paying off student loans BEFORE SAVING OR INVESTING is probably the most retarded financial advice i have ever read.

>hyperdimensional physics-pilled

Yeah I don't know who gives this retarded advice. It was never a good time pretty much since 08 or 09 paying off loans early. Real negative rates and it's accelerating now. Any loan you take can be paid in worthless dollars in the future. Even in some cases if real rates aren't negative, it's worth it because you can invest the money.

Essentially, most of the time you should have debt.

that was always the plan. bitcoin was created to exit the system and transition to a new one without too much blood.

It implies thigh highs wrapping around the thigh. It's fucking hot

As a sidenote, which is actually on topic for the thread, people who say we're in a housing bubble havent seen anything.

This feedback loop of cheap debt, inflation, rising interest rates, more inflation, etc. Essencially won't stop until people stop loaning, but they won't stop since they can't afford rent that will become more expensive so they're forced to buy if they want a house. Eventually they'll realize it's not that expensive since debt gets erased by inflation, and continue doing it and so on. Since there's so little housing vs population it will go on for a couple years -> new paradigm mindset -> bubble. It can take 10 years to develop fully.

So, companies that are consumers of inflationary assets will do badly, which is most.

But the good news is that everything else will moon and can actually moon really hard and there's money to be made if you find what's good

Seems like millenarianism bullshit to me, every single generation think they're going to experience the end times somehow. For boomers it was the cold war ending in a nuclear apocalypse and for millenials the eocnomic/climate collapse.

>A billion people will starve to death over the next 5 years.
Obesity has recently overtaken in developing countries since 10 years.

>energy markets will continue to be fucked for the forseeable future even after the Ukraine war ends because of climate change/renewable energy faggots.
That's just an artificial shortage then, also renewables ultimately provide more energy globally.

>And China hasn't even invaded Taiwan yet.
Ukraine has launched a massive rearmement trend in Japan, South Korea, Australia and SEA that are more likely to deter an invasion than one year ago. I'm not even talking about resurrecting NATO. Taiwan invasion relies on Xi being as obstinate and retarded Putin.

>most of the time you should have debt
this is a dangerous statement only because people think
credit card debt = asset debt
debt, if manageable, is the greatest invention of investing ever conceived for people without generational wealth
>hello 1 home pls
>"Do you have any money?"
>i got like 5k
>"Okay here's a home, can you pay $1200 a month?
>ya i already do
>"Okay do you think you can handle the day to day expenses of owning a home?"
>well this is a new townhouse so everythings new
>"Oh nice. Here's $300K for the house. Enjoy"
>whoa my house is now worth $305K
>"Pretty neat huh. Now after you pay off minimum payments for 10 years, so long as you aren't buying in a total derelict part of the country, this house is now worth $450K."
>damn but i paid 1200 a month that whole time or about 150k
>"Right. You essentially just saved that money instead of giving it to a lardlord. Pretty neat, huh?"
>wow, so if i paid like, 1350 a month instead that 30 year mortgage would look more like a 16 year mortgage right?
>"Exactly. But too many people get mortgages they can barely afford, and while it keeps them financially neutral, many don't understand the amplification of interest over time."
>what a bunch of tards
>"Yeap. That's how we make our money. Safe, stable assets we can repossess if things go awry. Otherwise, you can now take this $150K you 'saved' and put a down payment on a house you can now afford with a dual income and your increased salary."
>whoa can i just trade up my house for a more expensive house and keep my mortgage mostly the same?
>"Sure can. Here's a house for $600K using your $150K down, your mortgage is now only about $1500 a month. Can you afford that?"
>easily. the rent in my area went to 1600 for a shitty bedroom apt anyway
>"Bingo."
>housing bubble
it's a bit of a bubble only because people were using this 'free money' approach to drive up prices.

This but unironically.

>Seems like millenarianism bullshit to me
I'm not a millenial. I'm Gen x.
>That's just an artificial shortage then
Deliberate.
>also renewables ultimately provide more energy globally.
Bullshit. There's only a few areas in the world they're viable and even then it's only when the wind blows or the sun shines. They also take massive amounts of energy to make and can only transmit energy short distances. It's not a viable alternative for most places.
>Ukraine has launched a massive rearmement trend in Japan, South Korea, Australia and SEA that are more likely to deter an invasion than one year ago.
Irrelevant. Just like Russias population is in decline, so is Chinas. They only have a brief window to take Taiwan. Most experts are guessing around 2026. The window will close in the next 10 years, so they have to go before 2032. youtube.com/watch?v=efHHKaa0fiw&t=1s